The LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training is an advanced qualification designed for professionals looking to deepen their expertise in combating financial crime. This course is ideal for those in compliance, risk management, or regulatory roles within industries such as banking, finance, and insurance.
With money laundering and financial fraud posing significant threats to businesses worldwide, this diploma equips learners with the tools to manage and mitigate risks effectively. By mastering anti-money laundering (AML) regulations, customer due diligence (CDD), and advanced verification techniques, you’ll be prepared to lead your organization’s compliance efforts and ensure a secure financial environment.
The LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training offers a comprehensive and in-depth exploration of AML practices and customer verification processes. Building upon foundational knowledge, this course delves into the complexities of AML regulations, advanced risk assessment strategies, and managing high-risk customer relationships. Learners will gain advanced skills in identifying suspicious activities, implementing robust anti-money laundering policies, and understanding the global regulatory landscape.
This course covers essential topics such as the detection and prevention of money laundering, creating and maintaining effective verification protocols, and managing compliance within an organization. Emphasizing practical applications, you will also learn how to handle high-risk situations, develop effective reporting systems, and contribute to a culture of compliance within your organization.
Upon completion, graduates will be well-equipped for senior roles in compliance and AML, ready to take on responsibilities in managing complex financial crimes, implementing compliance strategies, and safeguarding their organization from regulatory risks. The LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training will set you on the path to becoming an industry leader in AML and regulatory compliance.
Course Overview
Qualification Title
LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training
Total Units
6
Total Credits
60
GLH
240
Qualification #
LICQ2200324
Qualification Specification
To enrol in the LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training candidates must meet the following entry requirements:
- Educational Requirements: A minimum of a high school diploma or equivalent qualification is required. It is recommended that candidates have completed a Level 2 qualification in Anti-Money Laundering or have relevant work experience in financial services, compliance, or risk management.
- Experience: Candidates should have a basic understanding of anti-money laundering (AML) practices and customer verification procedures. A minimum of one year of work experience in a financial institution, compliance, or risk management role is beneficial but not mandatory. Individuals with experience in roles such as compliance officers, risk analysts, or fraud investigators will find this course highly relevant.
- English Language Proficiency: Proficiency in English is essential, as all course materials and assessments are in English. Candidates should have an intermediate level of English (B1 or higher) to understand course content and complete written assignments effectively.
- Age Requirement: Candidates must be at least 18 years of age at the time of enrolment.
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200324-1 |
Advanced Money Laundering Risk Assessment |
10 |
40 |
|
LICQ2200324-2 |
International Regulatory Standards for AML |
10 |
40 |
|
LICQ2200324-3 |
Financial Institutions’ Roles in AML Compliance |
10 |
40 |
|
LICQ2200324-4 |
AML Investigation and Case Management |
10 |
40 |
|
LICQ2200324-5 |
Developing and Implementing AML Training Programs |
10 |
40 |
|
LICQ2200324-6 |
Advanced Legal and Ethical Issues in AML |
10 |
40 |
By the end of this course, learners will be able to:
Advanced Money Laundering Risk Assessment:
- Conduct detailed risk assessments to identify, evaluate, and mitigate advanced money laundering risks within financial institutions.
- Develop risk management strategies based on advanced methodologies to assess vulnerabilities in different sectors and organizations.
- Implement and monitor appropriate controls to minimize financial crime risks and ensure compliance with industry standards.
International Regulatory Standards for AML:
- Understand and apply international AML regulations, such as those set by the Financial Action Task Force (FATF), to ensure global compliance.
- Evaluate the impact of international standards on local financial institutions and how to integrate these into organizational practices.
- Ensure that AML compliance strategies align with both global best practices and national regulatory requirements.
Financial Institutions’ Roles in AML Compliance:
- Identify the key roles and responsibilities of financial institutions in maintaining AML compliance.
- Implement AML policies and practices within organizations to meet regulatory obligations and combat financial crime.
- Develop frameworks for the ongoing monitoring of financial activities and the detection of suspicious transactions.
AML Investigation and Case Management:
- Conduct in-depth investigations into suspected money laundering cases, using advanced investigative techniques.
- Apply critical thinking to gather, analyze, and document evidence to support investigations and potential prosecutions.
- Develop effective case management strategies to track, investigate, and resolve AML cases in compliance with legal frameworks.
Developing and Implementing AML Training Programs:
- Design and implement AML training programs for employees, ensuring that staff understand their role in preventing financial crime.
- Tailor training programs to address specific organizational needs and ensure alignment with regulatory requirements.
- Evaluate the effectiveness of training programs and provide recommendations for improvement to maintain compliance.
Advanced Legal and Ethical Issues in AML:
- Understand the complex legal and ethical challenges surrounding anti-money laundering, including privacy concerns, regulatory compliance, and reporting obligations.
- Assess the legal implications of AML actions and ensure that organizational practices align with legal frameworks and ethical guidelines.
- Make informed decisions in handling sensitive information and report suspicious activity while adhering to legal standards.
This diploma is ideal for:
- Professionals working in compliance, risk management, or financial services who want to deepen their expertise in anti-money laundering (AML) and customer verification practices.
- Individuals currently in or aiming for senior roles in financial institutions, compliance departments, or regulatory bodies.
- Compliance officers, AML specialists, or financial crime investigators who wish to advance their skills in investigating and managing AML cases.
- Managers or team leaders responsible for overseeing AML programs and ensuring their organization adheres to both national and international regulatory standards.
- Risk analysts or financial professionals seeking to enhance their understanding of advanced money laundering risk assessment and mitigation strategies.
- Those responsible for developing and implementing AML training programs within organizations.
- Professionals who need to understand complex legal and ethical issues in AML and integrate them into organizational practices.
- Anyone looking to gain expertise in AML investigation techniques and improve their ability to manage complex financial crime cases.
Assessment and Verification
All units within this qualification are subject to internal assessment by the approved centre and external verification by LICQual. The qualification follows a criterion-referenced assessment approach, ensuring that learners meet all specified learning outcomes.
To achieve a ‘Pass’ in any unit, learners must provide valid, sufficient, and authentic evidence demonstrating their attainment of all learning outcomes and compliance with the prescribed assessment criteria. The Assessor is responsible for evaluating the evidence and determining whether the learner has successfully met the required standards.
Assessors must maintain a clear and comprehensive audit trail, documenting the basis for their assessment decisions to ensure transparency, consistency, and compliance with quality assurance requirements.
